Dana Investment Advisors Inc. Decreases Holdings in CenterPoint Energy, Inc. $CNP

Dana Investment Advisors Inc. trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 383,924 shares of the utilities provider’s stock after selling 12,874 shares during the period. Dana Investment Advisors Inc. owned about 0.06% of CenterPoint Energy worth $14,720,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CNP. UBS Group AG raised its holdings in shares of CenterPoint Energy by 31.3% during the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after buying an additional 1,728,865 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of CenterPoint Energy by 19.4% during the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after buying an additional 1,256,993 shares in the last quarter. Merewether Investment Management LP raised its holdings in shares of CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after buying an additional 1,149,637 shares in the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after buying an additional 962,910 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of CenterPoint Energy during the 3rd quarter valued at about $35,993,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNP shares. Bank of America raised their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. KeyCorp raised their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Truist Financial started coverage on CenterPoint Energy in a research report on Tuesday, April 21st. They set a “buy” rating and a $48.00 price target on the stock. Evercore set a $45.00 price target on CenterPoint Energy in a research report on Monday, May 4th. Finally, Mizuho set a $44.00 price target on CenterPoint Energy in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.69.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $41.58 on Friday. The firm has a market cap of $27.20 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.52 and a beta of 0.48. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The business’s 50 day moving average price is $42.92 and its 200-day moving average price is $40.78. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the prior year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.